4,600 Shares in Newmont Corporation (NYSE:NEM) Bought by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV bought a new position in shares of Newmont Corporation (NYSE:NEM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,600 shares of the basic materials company’s stock, valued at approximately $222,000.

Several other large investors have also bought and sold shares of the stock. SOA Wealth Advisors LLC. raised its position in shares of Newmont by 64.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 201 shares in the last quarter. Nexus Investment Management ULC bought a new position in shares of Newmont in the 1st quarter worth about $31,000. Redwood Park Advisors LLC bought a new position in shares of Newmont in the 4th quarter worth about $37,000. Promus Capital LLC bought a new position in shares of Newmont in the 4th quarter worth about $38,000. Finally, PSI Advisors LLC raised its position in shares of Newmont by 195.5% in the 1st quarter. PSI Advisors LLC now owns 795 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 526 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NEM shares. Argus set a $63.00 price objective on Newmont in a research report on Friday, April 25th. National Bankshares reissued a “sector perform” rating on shares of Newmont in a research report on Wednesday, April 23rd. Cfra Research raised Newmont to a “strong-buy” rating in a research report on Friday, April 25th. Raymond James Financial reissued an “outperform” rating and issued a $66.00 price objective on shares of Newmont in a research report on Friday, April 25th. Finally, Royal Bank Of Canada lifted their price objective on Newmont from $52.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and a consensus target price of $57.68.

Newmont Stock Performance

Shares of NEM opened at $58.22 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The stock has a 50-day moving average of $53.86 and a 200-day moving average of $46.99. The company has a market cap of $64.79 billion, a PE ratio of 13.05, a P/E/G ratio of 0.98 and a beta of 0.31. Newmont Corporation has a one year low of $36.86 and a one year high of $59.16.

Newmont (NYSE:NEM) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.71 by $0.54. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 15.75% and a net margin of 25.77%. During the same period last year, the business posted $0.55 EPS. On average, equities research analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. Newmont’s dividend payout ratio (DPR) is currently 22.42%.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the completion of the transaction, the executive vice president now owns 77,526 shares in the company, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $112,344.93. Following the transaction, the director now owns 45,180 shares of the company’s stock, valued at $2,443,786.20. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,154 shares of company stock worth $381,539. Insiders own 0.05% of the company’s stock.

Newmont Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.